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Morgan Stanley has initiated coverage on Hershey with an Equalweight rating and a price target of $183, noting improved top-line growth and stabilization in market share. However, the firm remains cautious due to cocoa price volatility and recent downward revisions in earnings estimates by analysts. In other developments, Hershey appointed Stacy Taffet as Chief Growth Officer and amended its bylaws to enhance corporate governance. The cocoa market is also seeing changes, with Ghana reporting a significant increase in cocoa arrivals, which may influence future pricing dynamics.
Goldman Sachs analysts have identified stocks that provide stability and visibility amid global market uncertainty, highlighting companies like PepsiCo, Waste Management, and Travelers for their low volatility and strong financial returns. They also point to high-growth stocks such as Live Nation and Spotify, while recommending income-focused investments like Bank of America and Schlumberger for their strong dividend potential. Conversely, stocks like Lazard and Marsh & McLennan may face earnings vulnerabilities.
Inflation in Lima remained within the central bank's target for the eighth consecutive month, with annual inflation rising to 2.27% in November, as reported by the national statistics agency INEI. Monthly prices saw a slight increase of 0.09% compared to October.
Commodity Trading Advisors (CTAs) are adopting a risk-on approach while using Gold and the US Dollar as hedges. They maintain long positions in US equities, favoring them over European and Latin American stocks, despite limited room for further US Dollar buying. In commodities, CTAs are shifting focus from metals to energy and agricultural products, with a bullish outlook on stocks and the US Dollar, while holding bearish views on bonds and certain currencies.
Commodity Trading Advisors (CTAs) are leveraging gold and the U.S. dollar as risk hedges while maintaining long positions in U.S. equities amid low volatility. Despite a recent surge in U.S. dollar purchases, profit-taking is anticipated in several currencies, with a bullish outlook on the dollar. In commodities, CTAs are shifting focus from metals to energy and agricultural products, maintaining a bearish stance on bonds and select equity markets.
China is enhancing its economic ties with Latin America, exemplified by the inauguration of a $3.5 billion megaport in Peru, which will significantly reduce shipping times to China. This development is part of China"s Belt and Road initiative and positions China as a dominant trade partner in the region, challenging U.S. influence. Experts note that the port could lead to increased Chinese investment and revive discussions on a bioceanic corridor linking Peru and Brazil, further solidifying China"s strategic presence in Latin America.
China has invested $1.3 billion in the Chancay port in Peru, aiming to enhance access to South America's agricultural resources. The port was inaugurated by Chinese President Xi Jinping and Peruvian President Dina Boluarte, reflecting China's strategy to strengthen trade ties with the region amid anticipated trade restrictions under the incoming U.S. administration.
Peru and China are set to sign an updated free-trade agreement during President Xi Jinping's forthcoming visit to Peru. The agreement is expected to enhance commerce between the two nations by at least 50%, according to Peru's foreign minister.
Inflation in Peru's capital, Lima, rose by 2.01% in October year-on-year, falling short of the 2.13% median estimate from economists. Monthly prices decreased by 0.09%, following a decline of 0.24% in September, indicating inflation remains near the central bank's target range.
Peruvian Sol
Currency
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Morgan Stanley assigns equalweight rating to Hershey with price target of 183
Peruvian Sol
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The Hershey Company
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09:41 24.03.2025
Goldman Sachs highlights stable stocks amid global market uncertainty
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Xcel Energy Inc.
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Peruvian Sol
Indian Rupee
UBS
NOR
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14:31 26.11.2024
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United States Dollar
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Brazilian Real
Peruvian Sol
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CHN
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William Reinsch
Juan Carlos Ladines Azalia
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Peru and China to enhance trade with new agreement during Xi's visit
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peru inflation rises less than expected holding near two percent target
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